Amendment to regulation 35 (calculation of initial tariffs: calculation of A)
17. For regulation 35(2)(b) and (c) substitute—
“(b)1st January, 1st July or 1st October (other than 1st October 2014), A is the initial tariff that would have been applicable if the tariff start date had fallen on the day immediately preceding the commencement of that tariff period (“the previous tariff”);
(c)1st April, A is the previous tariff adjusted by the percentage increase or decrease, for the year ending on 31st December immediately preceding the year in which that tariff period falls, in—
(i)the retail prices index, if the tariff period commences on 1st April 2015 or 1st April 2016; or
(ii)the consumer prices index, if the tariff period commences on 1st April of any subsequent calendar year,
the resulting figure being stated to two decimal places and rounded.”.